Gilbert Industrial Park Trades Hands in Largest Deal of 2024

Article originally posted on Phoenix Business Journal on February 27, 2024

A New York City-based financial services firm has made a big acquisition in the Southeast Valley.

On Feb. 21, Two Sigma bought the 202 Business Park — a multi-building industrial park at 560-620 E. Germann Road in Gilbert. The firm paid $51.6 million for the park, which is the highest price tag for an industrial sale so far through 2024, according to Tempe-based real estate database Vizzda LLC.

Two Sigma bought the property from Germann Road Land Development LLC, an entity linked to American National Insurance Co. The JLL Capital Markets team of Greer Oliver and Connor Nebeker-Hay brokered the sale, representing both the buyer and seller in the deal, according to Vizzda.

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